Posts Tagged ‘Wall Street’

Book Review: The ChickenShit Club by Jesse Eisinger

Book Review: The ChickenShit Club by Jesse Eisinger

By The Banker | Audio Posts, Book Reviews, Wall Street

Editor’s Note: I did a podcast with Jesse Eisinger for the finance website Make Change, in which we discuss his book in further detail. I recommend listening to it here! Nine years after the Great Recession mortgage bond crisis of 2008, no executives with any seniority on Wall Street faced criminal consequences. Although a few […]

Book Review - Zero Alternative by Luca Pesaro

Book Review – Zero Alternative by Luca Pesaro

By The Banker | Book Reviews, Wall Street

Luca Pesaro’s Zero Alternative is a Dan Brown-style thriller, with a ruthless conspiracy of high-financiers chasing an ultra-effective prediction algorithm, a foreign-legion enforcer with a sadistic bent, a nihilistic hacker group, the chain-smoking derivatives-trading hero hoping to walk away from high finance after one last big trade, and a hot stripper who may or may […]

Book Review: Where Are The Customers' Yachts by Fred Schwed

Book Review: Where Are The Customers’ Yachts by Fred Schwed

By The Banker | Book Reviews, How Not To Invest, Investing, Personal Finance, Wall Street

Sometimes I procrastinate reading something really important to the point that I want to kick myself. Over the years I’ve seen Where Are The Customer’s Yachts? By Fred Schwed listed on numerous ‘Best Of’ lists of financial books, but only now got around to it in 2016? Ugh, no excuse for me. But don’t think […]

Michael Lewis Still Says It Better Than Anyone

Michael Lewis Still Says It Better Than Anyone

By The Banker | Blog Posts, Wall Street

When Bankers Anonymous hands out its annual awards for the best “recovering banker” essays of the year, the black tie crowd typically goes on chattering amongst themselves, unheeding the speaker at the stage holding the golden microphone trophies. Why? Becuase they know that Michael Lewis will win the best essay trophy once again. Like clockwork. It’s […]

Book Review: Flash Boys by Michael Lewis

Book Review: Flash Boys by Michael Lewis

By The Banker | Book Reviews, Investing, Wall Street

The Rise of the Machines Michael Lewis wrote Flash Boys to alert the non-finance world about the scourge of high frequency traders front-running investors and fracturing traditional capital markets. Lewis does not distinguish between quantitative (or algorithmic) trading strategies and high frequency trading firms (HFTs), although it’s helpful to define these terms first. Quantitative strategies […]